Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10700 Higgins Rd Rosemont, IL 60018

    Sponsored
    For Sale
    $150,000

    High-demand location, strong lease in place.

    Property size:
    39,173 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    373
    This exceptional 39,173 square foot condo office space presents a prime income-generating opportunity in Rosemont, Illinois. Located at 10700 W Higgins Road, Unit 220, this property boasts an enviable location, offering unparalleled convenience and accessibility. Its proximity to O'Hare International Airport, a plethora of hotels and restaurants, and major expressways ensures high visibility and easy access for employees and clients alike. The modern interior features neutral dГ©cor and high-quality materials throughout. While the unit itself is approximately 750 square feet, the overall condo space totals 39,173 square feet. Ample parking is readily available in a spacious lot. Currently, the property is leased to long-term tenants at a monthly rate of $1,600, providing a consistent and reliable income stream. The existing lease agreement is secured until January 15, 2026, offering a significant period of guaranteed rental income for the new owner. This presents a rare opportunity to acquire a well-located, income-producing asset with a strong tenant history in a thriving commercial area. The property is a condo, not a free-standing building. This is an excellent investment for those seeking a stable and profitable addition to their portfolio.

    Property Features for 10700 Higgins Rd

    General Information

    Property type
    Residential income properties
    Square Feet
    39,173 SF

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Nasko Ivanov

    Learn more

    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rosemont
    County
    Cook
    State
    Illinois
    Longitude
    -87.88969
    Latitude
    41.99976

    Nearby Comparable

    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office Properties & Spaces • 39,173 SF
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $575,000
      4,700 SF

      Rosemont Office Condo - 4700 SF

      Modern Office Suite, Prime Rosemont Location
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $3,592,000
      2,818 SF

      Freestanding Raising Cane's Restaurant

      Single-tenant Raising Cane's on NNN ground lease.
      2777 Mannheim Rd, Des Plaines, IL 60018
      View Details
    • Contact for pricing

      Class A Office Property

      Two-building Class A office property near O'Hare with modern amenities.
      10255 W Higgins Rd, Des Plaines, IL 60018
      View Details
    • $844,000

      Rosemont 6-Flat Investment Opportunity

      Prime Rosemont location, 6-unit multifamily building.
      10490 Betty Ct, Rosemont, IL 60018
      View Details
    • $1,200,000
      0.84 Acres

      Redevelopment Site in Des Plaines

      Prime 0.84-acre corner lot in booming Des Plaines.
      1629 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • $1,200,000
      0.84 Acres

      Redevelopment Land in Des Plaines

      Prime 0.84-acre redevelopment site in booming Des Plaines.
      1641 E Touhy Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      109,970 SF

      O'Hare Adjacent Industrial Facility

      109,970 SF industrial facility near O'Hare International Airport.
      555 Santa Rosa Dr, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      11.00 Acres

      Des Plaines Industrial Land - 11 Acres

      Prime Des Plaines location, I-294 access, high-density zoning.
      2350 Devon Ave, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      108,125 SF

      Des Plaines Redevelopment Opportunity

      Prime O'Hare location, 108,125 SF office building
      2720 River Rd, Des Plaines, IL 60016
      View Details
    • $10,500,000
      6,865 SF

      Newer Retail Building Near Airport

      6,865 SF building near O’Hare International Airport.
      2392 S Wolf Rd, Des Plaines, IL 60018
      View Details
    • Contact for pricing
      16,246 SF

      Retail Center Anchored by Starbucks

      Multi-tenant retail center in prime commercial area near O’Hare.
      9500-9520 W Higgins Rd, Des Plaines, IL 60018
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      7,041 SF

      Retail Building in Rosemont

      7,041 SF retail building with high traffic counts.
      9651 W Higgins Rd, Rosemont, IL
      View Details
    • $844,000

      Rosemont 6-Flat Investment Opportunity

      Prime Rosemont location, 6-unit multifamily building.
      10490 Betty Ct, Rosemont, IL 60018
      View Details
    • $575,000
      4,700 SF

      Rosemont Office Condo - 4700 SF

      Modern Office Suite, Prime Rosemont Location
      10700 Higgins Rd, Rosemont, IL 60018
      View Details
    • $150,000
      39,173 SF

      10700 Higgins Rd, Rosemont, IL 60018

      Office Properties & Spaces • 39,173 SF
      10700 Higgins Rd, Rosemont, IL 60018
      View Details

    FAQs

    What type of property is this?
    Residential income property - High-demand location, strong lease in place.
    Where is this residential income property located?
    The property is located at 10700 Higgins Rd Rosemont, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    (708) 856-1440
    Request Owner's contact information
    10700 Higgins Rd Rosemont, IL 60018
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10700 Higgins Rd
    Rosemont, IL 60018
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10700 Higgins Rd Rosemont, IL 60018
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nasko Ivanov
    (708) 856-1440
    Learn more
    Google sign-in failed. Please try again or use another login method.